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8I Consent Calendar 2016 0718
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8I Consent Calendar 2016 0718
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Last modified
7/15/2016 3:49:49 PM
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7/15/2016 3:49:44 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Staff Report
Document Date (6)
7/18/2016
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PERM
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Reso 2016-098
(Reference)
Path:
\City Clerk\City Council\Resolutions\2016
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EXHIBIT E FORM OF ACCEPTANCE CERTIFICATE <br /> <br /> <br />Bank of America, National Association <br />11333 McCormick Road <br />Mail Code: MD5-032-07-05 <br />Hunt Valley, MD 21031 <br />Attn: Contract Administration <br />Re: Equipment Lease/Purchase Agreement, dated as of July 21, 2016 between <br />Bank of America, National Association, as Lessor, and the City of San <br />Leandro, California, as Lessee <br />Ladies and Gentlemen: <br />In accordance with the Equipment Lease/Purchase Agreement (the “Agreement”), the <br />undersigned Lessee hereby certifies and represents to, and agrees with Lessor as follows: <br /> 1. All of the Equipment (as such term is defined in the Agreement) has been <br />delivered, installed and accepted on the date hereof. <br /> 2. Lessee has conducted such inspection and/or testing of the Equipment as it <br />deems necessary and appropriate and hereby acknowledges that it accepts the Equipment <br />for all purposes. <br /> 3. Lessee is currently maintaining the insurance coverage required by <br />Section 7.02 of the Agreement. <br /> 4. Lessee hereby reaffirms that the representations, warranties and covenants <br />contained in the Agreement are true and correct as of the date hereof. <br /> 5. No event or condition that constitutes, or with notice or lapse of time, or <br />both, would constitute, an Event of Default (as defined in the Agreement) exists at the <br />date hereof. <br />203
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